Compared to the data for the same period of the previous month, there is a general, albeit slight, increase in the prices of base metals.
The only exception is given by nickel, whose price falls to 16,167 dollars a ton and sees a dizzying decline in prices of 13.1% compared to the maximum peak reached on February 22 last (19689 $ / ton). The new annual agreement for the supply of nickel, signed by the Chinese group Tsingshan Holding with Huayou Cobalt Co and CNGR Advanced Material Co, has in fact caused a sudden wave of sales on the non-ferrous metals market.
As regards copper, on the other hand, after the peak of 9,614.5 dollars on 25 February, it continues in March with a fluctuating trend, but with increasing values (+ 8.7%). Behind this rise, there is the strong demand from China, the lack of new investments in mines and the growing application in renewable energy.
Turning instead to aluminum, which reached $ 2,184.5 / ton, there is a stable and slightly growing trend (+ 0.5%) as expected.
Lastly, zinc, compared to the low reached on February 2 ($ 2539 / mt), recorded a rapid increase in prices, followed by a decline in the first week of March. The current trend is positive and has risen to 2815 dollars per ton (+ 0.05%).